QuestionJuly 20, 2025

If price rises, what happens to supply for the product? (Watch terminology!) It increases. It decreases. It does not change. Uncertain: Economic theory has no answer to this question.

If price rises, what happens to supply for the product? (Watch terminology!) It increases. It decreases. It does not change. Uncertain: Economic theory has no answer to this question.
If price rises, what happens to supply for the product? (Watch terminology!)
It increases.
It decreases.
It does not change.
Uncertain: Economic theory has no answer to this question.

Solution
4.3(161 votes)

Answer

It increases. Explanation 1. Understand the Law of Supply According to the **Law of Supply**, as the price of a product rises, the quantity supplied typically increases, assuming all other factors are constant.

Explanation

1. Understand the Law of Supply<br /> According to the **Law of Supply**, as the price of a product rises, the quantity supplied typically increases, assuming all other factors are constant.
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